Morris County NJ Real Estate

The National Association of Realtors (NAR) reports that first-time buyers are taking advantage of historically good housing affordability conditions as reflected by Pending Home Sales Index. The first-time home buyers tax credit for 2009 along with the low mortgage rates is hard to resist! This is a good indicator for what is to come based on signed contracts for March. The index shows an increase of 3.2 percent since February and 1.1 percent higher than March of 2008. This is a great sign and true indication that the market is slowly improving. These signed contracts will likely turn into closed home sales in the near future!...